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Patron Saint of Bitcoin: Michael Saylor | PBD Podcast | EP 128 |
PBD Podcast
Holding Stocks Is a Store of Value
We're not using gold any more. When we use gold, as i pointed out, it's expensive and it's and it's cumbersome,. currencies don't work. So what is money? Well, money, in the last 30 years, became the s and p index. You buy a diversified portfolio of company, of stocks, which is a little bit better because maybe you're getting bled two % a year by the management team, but the company's making money so maybe you can hold value. It turns out that the money's losing about ten % of its value a year, and the s andp index is going up about ten % a year. That's an interesting
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